red alertThe reckoning has begun…

panic collapseDemand for both physical and paper currencies is through the roof. What’s happening? What has the markets so spooked and why is the canary in the coal mine crying out in pain?   If a banking institution is truly on the brink, then a 2008-style financial collapse could be just around the corner.
Perhaps there is more to this market than meets the eye…

collapse bail inWith Deutsche Bank forced to issue a statement defending its liquidity today after its stock crashed 10% to financial crisis lows, implying that a $70 Trillion derivatives book may be on the verge of collapse, we thought it apropos to revisit Jim Willie’s dire warning that if Deutsche Bank goes down, it will be Lehman TIMES FIVE:

A bank failure contagion, that’s whats going to push the price of gold WAY over $2,000/oz again.
The Price of Silver is going to be moving over $100 and the price of gold is going over $5,000…
A failure of Deutsche Bank would trigger a systemic banking contagion the likes of which the Western world has never seen…

stormI cannot stress how important it is now for you to be on guard for anything at any time.
A market closure, though likely over a weekend, can occur during ANY WEEKDAY! 
Do not allow yourself to be lulled to sleep by any rallies from here or stories of how “the storm has passed”.
It is ONLY BEGINNING! 

Reuters / Remote / Staff

The market value of European banks has shrunk by more than €50 billion after Greece shut down its banks until July, 6, the day after the referendum on the bailout deal is held.
Without a complete capitulation from the troika, Greece will default on the IMF tomorrow and emergency liquidity assistance should be withdrawn on Wednesday.

GREXITWith Greek contagion already spilling over to Italy, China, and now even Puerto Rico, LIVE UPDATES on the rapidly evolving Greek Debt Crisis are below:
*Breaking: Greece WILL NOT Repay €1.6 Billion IMF loan due Tuesday, Reuters is reporting!

panicEric Sprott, Bill Holter, and Greg Hunter join TruNews’ Rick Wiles for a MEGA PM Round-table interview breaking down the Greek End Game, and how the collapse is likely to play out.
Sprott explains why the US and EU cannot afford the fallout of a Greek collapse and the nation turning to Russia, and why the banking cartel must avoid a Lehman style liquidation by any means possible...
Is the biggest financial debacle in human history ALREADY UNRAVELING?
Full MUST WATCH 60 Minute MEGA Financial Roundtable With Sprott, Holter, & Hunter is below:

Anteres Explosion

Mega-investment funds, governments and central banks have been secretly buying up and storing physical gold in anticipation of an event that will leave the U.S. dollar effectively worthless and governments around the world angling for a new global currency mechanism, according to mining executive Keith Neumeyer.

storm

Over the coming months, I believe we could see an economic meltdown at least six times the size of the 2007 sub-prime mortgage meltdown.
Circumstances lead me to believe it could play out like the meltdown I experienced in 1998 after Long-Term Capital Management (LTCM) failed.
This time, however, there will be several crucial differences that will leave investors and regulators unprepared.  

big reset

I believe what is coming is far bigger than a mere significant economic collapse.
I believe the coming financial collapse will be a worldwide economic collapse, and the institution of a one world government with a one world currency, in the 6-9 months following these events.

economic dollar collapseLow inflation would not explain the 80 basis point drop in long bond yields since January 1st.
“Flight to safety” would flow either into the very short end of the yield curve or into gold or under the mattress.

With retail sales, auto sales,  and home sales all collapsing, the only explanation left is that the Treasury bond market is pricing in a severe economic downturn.    This would explain also why high yield bond spreads have widened considerably over the past month.  The big drop in oil prices this week would further affirm this.
The Treasury bond market is starting to price in economic Armegeddon.